Leading Prepaid Debit Card Provider Selects NetEconomy’s Anti-money Laundering Solution

New York, NY - 22 January 2007

NetSpend Corporation to Implement ERASE to Monitor Prepaid Card Activity to Detect Money Laundering and Fraud

NetEconomy, the global leader in financial crime management and compliance solutions, today announced that NetSpend Corporation, the United States’ leading provider of prepaid cards, has selected its ERASE® Compliance Manager™ solution to detect and report potential money laundering and fraudulent activities.

A pioneer in the prepaid card industry, NetSpend was founded seven years ago and has grown to be a national leader, processing over $4 billion in card payments annually. NetSpend will implement NetEconomy’s ERASE Compliance Manager solution within the next several months to monitor upwards of four million transactions monthly in order to detect and report suspicious debit-card activity.

“We maintain an aggressive and comprehensive program of risk and compliance management to ensure we fully comply, and exceed wherever possible, all Federal (Patriot Act, BSA) and State regulations,” said John De Lavis, Chief Operating Officer, NetSpend. “Working with NetEconomy continues our effort to employ the best available measures to protect our partner banks, merchants and their customers from the risk of unlawful activity. We chose NetEconomy from the offerings we evaluated for its comprehensive and innovative features and its ease of deployment.”

“NetSpend’s progressive approach for prioritizing and addressing these risks demonstrates a strong commitment to risk management and fighting financial crime within the prepaid card industry,” said Andrew Davies, US General Manager of NetEconomy. “We are delighted with NetSpend’s choice of NetEconomy.”

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